Newcastle United were one of eight Premier League clubs to make a profit last year (2010-11 season) with United posting the highest profit of £33m once player trading was taken into consideration, in other words, the sale of Andy Carroll. Those eight clubs made a collective profit of £97.4m but that is where any financial good news ends for the English Premier League.

Overall the 20 Premier League clubs collectively made a loss of £361m and this was after spending all of their record £2.3bn income.

Manchester City single-handedly lost £197m, which is the greatest financial loss in the history of football.

Chelsea finished second in the mad and bad league with £68m losses, while the American owners at Liverpool will be relieved to at last see the club near the top of a league table, or maybe not, as they lost £49m in the first 8 months of ownership (Liverpool actually made an operating loss of £90m. They then though recorded a profit of £43m for the sale of players, including £50m from Chelsea for Fernando Torres (the money spent on buying players, such as Carroll, is apparently accounted for more gradually), without that player trading the Scousers/Americans would have made an even more horrific loss than that £49m figure). Unsubstantiated rumours suggest that Liverpool’s owners may therefore appeal as technically they feel they should have got the runners-up medal!

The total Premier League wage bill was a record £1.5billion which amounted to 69% of the total income of clubs, not good reading when 50% or less is the sensible aim.

The figure of £1.5billion is interesting as by sheer coincidence that was the record amount earned from overseas broadcasters, more evidence if it was ever needed that any extra more coming into football simply goes out the other end and into players’ pockets.

Richard Scudamore, chief executive of the premier league, has rejected introducing a break-even rule similar to Financial Fair Play (FFP).  Surprise surprise.

Maybe the sheer madness of English football is summed up by the fact that Dave Whelan (Wigan’s owner) wrote off £48m in loans to the club last August, this despite the TV windfall that come their way every season they cling desperately onto the Premier League.

 

 

 

19 comments
Simon Sharp
Simon Sharp

When he does get sacked, he'll never be able to go to St James again.

RexN
RexN

Supporters have been proving £25m of gate revenue every year and are getting very little back from the club. his "proper fan" comment is odious. There is a difference between supporting the team and supporting the long term future of the club. You wouldn't really expect someone who can only get 2 wins in 10 games and 1 goal in 6 games to have the wit to appreciate the difference.

Sickandtiredstill
Sickandtiredstill

He must the be the only 'fan' on the planet who doesn't understand what is going on, and why. Say's it all really.

howaymebonnylads
howaymebonnylads

"... I can assure the people out there that I am giving it every single minute of my time.” ...apart from when you spent 6 hours on the golf course before the mackem game!!!!

Peter Nealon
Peter Nealon

Was a fan till he decided to continue to spew out Ashleys lies!!

Peter Lamb
Peter Lamb

Wonder if JC ever paid at the turnstiles

Andgeo
Andgeo

John if you were a genuine fan of the club you would pack your bags. The only reasons you could have for staying on as head coach is that you are delusional and believe you are good enough or you know if you weren't there fatty still wouldn't appoint a manager ANC we would be stuck with shola as player manager or something equally as bad. The biggest problem here is the continued denial in what is going wrong at NUFC and acknowledging the obvious reasons why supporters are upset, 1) getting ripped off to the tune of millions of £'s 2) being dished up pathetic displays on the pitch for nearly years now. 3) real concerns for the future of our football club. We are all understandably devastated with what is being allowed to help with our club. As a fan how could you stand by and condone what is going on??? CARVER YOU ARE NOT A FAN

ilullissat
ilullissat

So who actually has been turning up at the games for decades and winning nothing.That wouldn't be the fans by any chance would it?Maybe some of the fans could get a game 

Brian Standen
Brian Standen

Then the answer is easy John, pack in your job ( very honourable) and watch from the stands, let someone else have a go at being Ashley's puppet!

PeterRobson
PeterRobson

Let´s face it "Geordie (I worked with Sir Bobby Robson don´t you know) John", you´d pull your pants down and grease your arse cheeks if the boss told you to !!!


Until you´ve got something worth saying, I suggest you keep your inane comments to yourself !!!

PeterRobson
PeterRobson

@Demented_Man @PeterRobson I´m working on a class graphic mate, but old dog new tricks syndrome is taking it´s toll lol


I wouldn´t be surprised if it got me sued by the fat man when it´s finished, but as I´m always skint anyway, good luck to him !!!

PeterRobson
PeterRobson

@Sickandtiredstill Are you going to visit me in prison mate lol


I´m still working on some good ones but like I said: old dog new tricks syndrome is taking it´s toll lol


Feel free to nick the pics and use them if you want !!!

vin1892
vin1892

I think the toon would have a better chance of winning is Carver joined the boycotters in Leazes Park with Ameobi, Obertan, Gouffran, Williamson and Riviere.

LeazesEnder
LeazesEnder

It might get closer to home when the 'Corporate Clientele' who cant give away their hospitality tickets, then start to jack in the private boxes.


We do like football.... but this isn't it.....Charnley is an Accountant who doesn't like football, he likes figures.

NottsToon
NottsToon

We do love our football, not seen much of it being played by the current crop of cowards though.